PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded a
contract from Vastly (formerly Tranlin, Inc.) to lead permit acquisition
and provide design services for its new $2 billion manufacturing plant
in Chesterfield, Virginia. The plant represents Vastly’s first
investment in North America and the single largest Chinese greenfield
economic development project in the United States.
Under the terms of the agreement, Jacobs is responsible for supporting
permit acquisition and developing the overall site design, which
includes pulping facilities, tissue making and fertilizer production
using Vastly’s proprietary technology. When complete, the plant will
convert wheat straw into paper products and utilize residual nutrient
streams to produce soil amendments.
In making the announcement, Jacobs President Industrial Bob Pragada
stated, "This is an exciting opportunity for our global consumer
products business. We have a long history of assisting our clients in
growth and expansion in global manufacturing. We look forward to forging
a strong, ongoing partnership with Vastly as we work together to develop
this state-of-the-art facility."
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 50,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2015 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
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Source: Jacobs Engineering Group Inc.